FDs
Bonds
Blog
Home>Fixed Deposit>Fincare Small Finance Bank>How to Open Fincare Small Finance Bank Fixed Deposit Account
bank_logo

How to Open Fincare Small Finance Bank Fixed Deposit Account

Updated 05 Sep 2023

Fixed deposits are a preferred investment choice for many because of their safety and assured returns. Suppose you're considering opening a fixed deposit with Fincare Small Finance Bank. In that case, this guide will provide you with a comprehensive overview of the process, eligibility criteria, required documents, and frequently asked questions. Ensure you have all the necessary details to make the process smooth.

How to Open an FD Account in Fincare Small Finance Bank

Fixed deposit accounts can be opened using both online and offline methods

 

Online Method

  • Visit the official website of Fincare Small Finance Bank.
  • Select ‘Explore our products’.
  • Click ‘Fixed Deposits’.
  • Click on ‘Apply now’.
  • Fill out the required details and submit the form.
  • Enter the OTP received on the mentioned mobile number.
  • Click on ‘Confirm’.
  • The form is submitted, and a bank representative will contact you regarding further proceedings.

Offline Method

  • Visit the bank branch.
  • Take the FD application form.
  • Fill in the required details and submit the necessary documents.
  • Submit the form to the branch.

Eligibility Criteria to Open a Fixed Deposit with Fincare Small Finance Bank

  • Resident individuals
  • Hindu Undivided Family (HUFs)
  • Non-Resident Indians (NRIs)
  • Corporates
  • Partnership firms
  • Sole Proprietorship
  • Associations, trusts, and societies.

Documents Required to Open a Fincare Small Finance Bank Fixed Deposit

  • PAN card
  • Aadhaar card
  • Passport size photographs
  • Address proof
  • PAN form 60 (in case of non-availability of PAN card)

FAQs

Can an investor change the tenure of Fincare Small Finance Bank FD?

No, Fincare Small Finance Bank does not allow changing the FD tenure. You can prematurely close the FD and start a fresh FD. However, penalty charges are applicable.

Is the ₹5 lakhs DICGC insurance cover applicable on Fincare Small Finance Bank FD?

Yes. ₹5 lakhs Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance cover is applicable on Fincare Small Finance Bank FD.

What is the tenure of interest payment?

The bank offers monthly and quarterly interest payout choices for its FD plans. It also provides options for cumulative and non-cumulative interest payouts.

Does Fincare Small Finance Bank offer FDs to NRIs?

Yes, the Bank gives options to NRIs to invest in FDs. However, the rates for NRIs will differ from those of domestic citizens.

fd_banner
fd_banner

Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.

wint fd

Earn upto 8.35% interest by investing in FDs with Wint Wealth.

Explore Now